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Report: #1459514

Complaint Review: Maverick Ventures aka Olber Ventures (Richard Olsen) (Darren Williams) - Clearwater Florida

  • Submitted: Tue, September 04, 2018
  • Updated: Mon, September 17, 2018
  • Reported By: Paul — San Ysidro United States
  • Maverick Ventures aka Olber Ventures (Richard Olsen) (Darren Williams)

    Clearwater, Florida
    United States

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Maverick Ventures LLC  in Clearwater Florida / Richard Olsen and Darren Williams

DO NOT DEAL WITH THIS MAN! HE IS A SCAM ARTIST AND FRAUDSTER!

Richard Olsen approaches investors with the lure that they can double and triple their money by investing with him. He then carelessly and fraudulently uses their money for his own personal ventures. He sells them on his “PIE IN THE SKY” idea that he can sell and buy gold from Africa(!) and other middle eastern countries, making 45% per month on their money. He guarantees his investors that their money will be held safely in escrow, and then he spends it on his own projects. When his scam is detected, he attempts to intimidate and threaten the other people relentlessly. He has several investors suing him for his fraud at this moment. He does not care who he hurts or negatively effects with his scams. He lied to several banks telling them that he had purchased an SBLC and failed to disclose to them that it was a leased instrument. That is bank fraud. He did this with Wells Fargo, TD Bank Canada, Santander Bank Spain and others. He has also committed slander, telling lies and not getting his facts straight. He does not know how to read a contract or stick to it.  He has harassed numerous people to the point that they refuse to communicate with them and have demanded he only have his attorney speak with their attorney and blocked his phone numbers. This man and his company are trouble so stay away from them at all costs.

This report was posted on Ripoff Report on 09/04/2018 07:25 PM and is a permanent record located here: https://www.ripoffreport.com/reports/maverick-ventures-aka-olber-ventures-richard-olsen-darren-williams/clearwater-florida/maverick-ventures-aka-olber-ventures-richard-olsen-darren-williams-aka-spread-lies-1459514. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
3Author
3Consumer
5Employee/Owner

#1 REBUTTAL Individual responds

Misdirection

AUTHOR: Richard - (United States)

Just as con men do, Nater and Jones use misdirection and lies in the attempt to divert the attention of interested parties.  

I conduct myself completely contrary to Nater and Jones as I have no problem taking accountability for my actions, good or bad as perceived by the individual, however Nater is incapable of taking accountability for his actions which have caused great harm to so many.

I take full accountability for the emails I sent Nater and Jones and I will very happily offer to the authorities, my strongly worded emails as evidence of my relentless pursuit to force Nater and Jones to fulfill their obligations and or refund the money they unjustly received from me and others who have reported our losses here on this forum.

It's funny how Nater and Jones don't share the emails they've received from many others who question the intentions behind the emails Nater and Jones sent to people which contained obvious lies as well as attachments containing my personal, private and confidential identification in the form of a copy of my passport information page, my passport signature page and my canceled weapons permit. 

Who would be upset and direct strong language at Jones and Nater for them taking $375 Thousand without delievering the products and services they promised and then, distributing in emails, confidential documents given to them in confidence while spreading 100% verifiable lies?  

What’s interesting is, Nater and Jones continue to defend their erroneous activities even after I've directly referenced the terms of the signed agreements which conclusively conflict with their convoluted defenses and excuses for their obvious non performances and fraud.

Also interesting is, Paul Nater hasn’t even had a legally registered business since 2012 as his California business registration was suspended by the Franchise Tax Board for failure to meet tax requirements. It’s going to be interesting what the IRS says about Naters foreign and domestic tax filings in comparison to my colorful language projected at a fraudster who has stolen money from many people including me.

While First American Financial has a Registration number 18988 IBC 2010 in St Vincent and the Grenadines, there isn’t any evidence of Nater or Jones having legally registered businesses in California or anywhere in the United States.  The Federal Trade Commission and other authoritative agencies are and will be investigating this as well as other complaints of fraud against Nater and Jones.

I could continue to point out all the obvious evidence that proves Nater and Jones conduct themselves in a narcissistic and self deserving manner which only causes so many people to suffer great financial harm while they pocket money they defrauded others out of but as the saying goes, follow the money and you will find the truth.  

Absolutely foolishly, Nater and Jones have actually accused me of taking the money and using it for myself while in many other emails and posts, stated that they deserve the money they earned and received.  Nater and Jones can’t even get their stories straight so how can they be taken serious.

By Friday 9/21/2018, all interested parties including the authorities will be able to visit revealscam.com/1stamfi to get all the evidence and information I have revealing the years of unlawful financial transactions Nater and Jones have facilitated including creating and issuing financial instruments only allowed by a licensed financial institution such as banks credit unions and wealth management companies actually having the verifiable capital on account.

Nater and Jones can continue to expect rough language and strong threats if they continue to cause my clients, associates myself and others to suffer losses including the money they’ve unjustly received from so many of their clients who trusted them and in return, Nater and Jones failed to perform due to their fraudulent business structure.

All will be played out in the courts sooner or later and if I’m in the wrong, I’ll accept the consequences and will happily update the results on this forum.  If what I expect comes to pass and Nater and Jones are found guilty of criminal and civil fraud including financial instrument fraud, slander, defamation of character, bait and switch, misrepresentation and tax fraud, while they will of course not accept fault, everyone interested can be assured I will update everyone on the consequences Nater and Jones have brought onto themselves.

Please contact me at your convience.

Richard Olson

 

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#2 Consumer Comment

It is best to get all the facts straight before pointing fingers, Paul Nater is wrong.

AUTHOR: VLADIMIR - (United States)

I am one of the investors that is involved with Mr. Olson, his investment, and this SBLC. After reading this report I feel obligated to come to Mr. Olson’s defense as what is being said here is not at all proper nor is it accurate to what happened.

  1. Anyone who has ever done business with Mr. Olson would know that he is very careful and ridiculously detailed. There have been numerous occasions where I have said something incorrectly and he would immediately correct my statement with factual evidence to back up what he is saying. Even in the few occasions where he was wrong about something, he would take the time to contact me, apologize for the wrong information, and make sure that the correct information was presented without an initiation from me. This is not a characteristic of a careless man.
  2. Richard Olson has shown clear definitive proof from bank statements, to contracts what the funds he has requested from me where being used for. He is extremely transparent and will show anything requested when it comes to investor fund.
  3. I personally went with Mr. Olson to Dubai and we had meetings with the gold refineries there who validated the contacts we were working with as well as showed that they are ready, willing, and able to receive his gold shipments.
  4. From my best knowledge all investors were provided the escrow contract which CLEARLY stated that the money would remain in escrow until the SBLC was issued correctly.  When Mr. Olson informed me that the money was released without the job being done, I knew someone had done something fraudulent. As I have NEVER heard of an escrow company releasing funds to a seller without the obligation being completed. From the communication Mr. Olson had with FAF, I’m certain they didn’t deserve to receive the money they received from the escrow company and the investors should be refunded the money FAF was paid.
  5. Mr. Olson has provided me the contacts to multiple investors, so we could discuss the situation and what is happening. To my knowledge only ONE of them is seeking to sue Mr. Olson, not “several”. I’m also aware this investor has been coerced by FAF.
  6. Mr. Olson showed us conversations that he had with multiple bank representatives from TD, Wells Fargo, and emails from Santander Bank, all showing that the bank representatives were ready to receive the SBLC. Yet they all claimed that the SWIFT was not even being attempted because there was no tracking for it. When asking Mr. Olson what the sending bank was saying he informed me that he was never able to talk to the sending bank outside of emails. 
  7. Lastly, for someone making fun of Mr. Olson’s ability to read and understand contracts, they sure do seem to have a hard time with the proper spelling of his last name. It is OLSON, not OLSEN. This is just a major careless mistake that if the same person would read any identification papers, or the names on the contract they would have at least spelled his name correctly.

In summary I fully trust Mr. Olson and believe that whoever is in breach of contract here better get their s**t together and produces, SWIFT, and finalize a working SBLC. Otherwise there will be a major lawsuit hitting them as well as criminal charges pressed.

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#3 Author of original report

While Richard Olson seems unable to tell the truth, he is capable of creating a colorful, unprofessional, childlike, and sometimes outright profane description of his -uncontrollable- emotions.

AUTHOR: Paul - (United States)

While Richard Olson seems unable to tell the truth, he is capable of creating a colorful,

unprofessional, childlike, and sometimes outright profane description of his (uncontrollable)

emotions.  A few of his most colorful quotations included:

 

***NOTE*** These quotes (BELOW) have been redacted because the emails are too long but the verbiage in the quotations come dieect from emails that Richard Olsen sent and on the dates indicated. This is to show all who read these unfounded reports just the type of person they are reading from by his own words as shown below. To believe any of it would be as foolish as the person (Richard Olsen) who wrote it. The alledged third party consumer reports come from indoviduals who were not in any way a direct party in any of the transaction(s) involved herein. As third party individuals, they have no real or direct knowledge of what may have actually happened or not happened. He got these individuals to submit their reports using mainly his verbiage guidlnes because if compared side by side, you will see that the sentence structure and verbiage is almost identical and therefore most likely from the same individual regardless of what any of them may claim.

 

9-16-18

“Have a great rest of your weekend and get ready for next week….you f****** scumbag, a****** scam artists.”

 

9-15-18

“You two are nothing but lying, piece of s*** scam artists”

 

9/12/18

“Do you have any idea how completely stupid you continue to make yourself and Jones look????”

 

9-3-18

“…you little b****** basically stole millions of dollars in fees and income from me and others.”

(This must be his nearly guaranteed profits – 45% a month – on gold purchases…FROM AFRICA!  This man obviously believes in the tooth fairy as well.)

 

9-3-18

"I'm happy to say, "YOU'RE SOOOOO F*****"

(This is one of my favorites.  He sounds like a teenage girl chatting on twitter with her girlfriends.)

 

“I would love to hand you the beating of your life as everyone wants you and Jones to receive.”

“You and Jones are nothing but scamming pieces of s***”

 “…while being housed in the Iron Bar Hotel with other narccisstic f***ups like you."

(Being able to spell isn’t a requirement for the Managing Partner of a multi million dollar corporation who took and lost thousands of dollars from unsuspecting investors, is it?)

 

8/31/18

"Yesterday I was made aware that you're working with Paul Nater in regards to taking legal action against me, Todd Copley and possibly others."

 

…I suggest you consider the following as the consequences of what Nater is stating you're intending to do while conspiring with him, could prove to be extremely harmful to you as Nater, Jones and others they work with are looking at serious criminal charges coming against them for the fraud they've been perpetrating against MVP."

 

(While Olson’s grammatical training appears to have been aborted somewhere around the 6th grade the basic idea is clear.  He is threatening one of his investors from whom he stole $25,000.  He told the lady that her money would be safely held in escrow, and then of course, spent it.)

 

8/30/18

“Have you ever played chess?  This is what's called a checkmate and I promise you, I hate liars, thieves, con artists, blame shifters, hypocrites, fraudsters, narcissists and manipulators, all of which you scums are and I will make sure you're both held accountable including any fraud you commit by working with Mary.

 

Prepare for hell."  

 

8/10/18

 

This was an e-mail Olson sent to an investor he defrauded for $25,000 and who threatened to sue him:

 

“Good for you and I have already spoke with the authorities so there is no reason why I or anyone else should hear from you again.

I have plenty of connections with law enforcement agencies including the CFTC, FTC, FBI, OCC, the US Treasury and other law enforcement agencies in the U.S. and abroad.

Please refrain from emailing or contacting me anymore unless you want to help be a solution instead of adding to the problem or you will receive a complaint against you for slander and defamation.” 

 

(A simple “I’m sorry I stole your money” would have seemed more appropriate.)

 

8/10/18

This one pretty much tells the story of the real Olson.  It was sent to him by one of his investors:

 

“I humbly request you to stop threatening me as you have done always.

Instead of threatening me, I humbly request you honor the contract signed in May and the addendum sent via email in June…”

I’m  a victim to your unfair and deceptive practices and I have a right to take legal action and this is not just for me, other consumers need to be protected….” Consider to resolve funding with me first accordingly otherwise Gene may be implicated in this and then Gene will implicate Todd.

My lawyer has all these communications and will send you the legal notice next week (with response required in 10 days or we go to court). “…legal experts need to conduct additional research on all your practice and others involved in misleading me and determine further if it’s a wider consumer alert that needs to be escalated to prevent further impact on other consumers.”

 

(What a guy.  Not only did he take this woman’s money, but then he threatens her when she asks for it back.)

 

8/2/18

"The hammer is really going to come down hard on you two scam artists.

WHAT IDIOTS!!"

 

Olson was unable to understand a simple contract, and although we attempted to

solve the problems he himself created, from the above quotations, I believe the reader can

see that he was completely impossible to work with. and was the reason his investors suffered severe financial losses under his (incompetent) leadership.

 

WHO WOULDN’T BE PROUD TO HAVE THIS WELL SPOKEN, PROFESSIONAL SENIOR MANAGEMENT MAN REPRESENTING THEIR COMPANY IN A NEGOTIATION WITH…CIVILIZED PEOPLE

Richard Olson continues to make his fraudulent claims, while completely ignoring the governing factor in his transaction; the contract he signed.  He seemingly cannot grasp the meaning of “contractual agreement.”  He refuses to address the specific terms and conditions which render his complaint totally invalid.  The agreement he signed with the provider, specifically stated what he was receiving, as well as what he was NOT receiving.  The agreement specifically stated what the provider would do, and what it would not do.  What is there that Olson cannot understand?. While he continually threatens and rants like a small child having a tantrum, he refuses to acknowledge the clear and specific terms of his contract.  He will soon learn however, that in both civil and criminal cases, “the document speaks for itself.”  The contract speaks for itself.  It decides this matter.

Olson’s latest ploy is to enlist the help of his investors and sycophants, who expound on his honesty and virtue.  For all I know, Olson is a fine man (other than his inability to control his emotions.).  I do know however, that he is a poor businessman, who cannot read a simple contractual agreement, and who cannot admit his mistakes.

As a final note, it should be noted that the investors who Olson has enlisted in his fraudulent and unsupported attack on myself and the provider, were in no way involved in any of the numerous conversations between Olson and myself, regarding the Maverick Venture Partner transaction. They have unfortunately, no first hand knowledge pertaining to any part of the transaction.  If they had such knowledge, they would know that Olson has not been forthcoming with them.  All they have are Olson’s word, which at this point, can only be described as highly suspect.  I feel safe in assuming that none of Olson’s supporters have seen the contractual agreement he signed.  If they had, they could not still be morally or ethically supporting him.  I repeat: “the document (contract) speaks for itself.”

 

Olson had 3 opportunities to save his transaction and his investors money, and chose not to do so.  Until such time as he abandons his fraudulent claims, there is nothing to discuss.  This matter does not deserve any further discussion. 

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#4 REBUTTAL Individual responds

Paul Nater and Steve Jones Are Despicable Liars!!!

AUTHOR: Richard - (United States)

Please take time to read this detailed report and the attached documents as all is revealed.  Soon interested people will have the ability to stay updated on this story by going to revealscam.com/1stamfinscam

Nater and Jones continue with their desperate and ridiculous attempts to refute complaints and rebuttals made against them and their fraudulent business practices by several individuals which just further implicates them of their erroneous activities due to more written evidence provided by them.

To keep everything in perspective, just imagine if you were to do business with a company represented by such people as Nater and Jones do in representing Nater Associates and 1st American Financial.  

  • These 2 so called professionals first represent what they offer and even provide past evidence of their successful results. Then after convincing their client of their abilities, they enter into a contract with their client to provide financial products and services which the client will rely on to achieve the business and income they expect to enjoy.

  • Then, what was to take up to 72 hours to achieve, the representatives fail to perform for more than 2 months which causes their client to suffer incredible financial and relationship losses due to the representatives repeated ineptness.

  • After the client suffered severe losses, the client loses all patience and becomes very agitated with the fact the representatives have received hundreds of thousands of dollars just adding to the clients losses.

  • The client demands the representatives to provide proof of the legitimacy of the products they were to provide however, the reps now deny they were ever responsible for what they had so many times represented and contractually obligated to.

  • Since there isn’t any proof the financial products provided by the reps have any value at all and the client hasn’t received any benefit whatsoever from the products and services they paid hundreds of dollars for, the client demands the reps to refund the money paid to the reps/company until they provide the products and services promised to the client.

  • After months of delays, lost income and business to the client, absolutely no benefits received by the client for hundreds of thousands of dollars they paid,  multiple accounts of fraud revealed on the part of the reps and or their agents and the reps refusal to provide proof of the validity of what they offer and said to have delivered, the reps then cancel the contract and refuse to refund the money they received stating that the client canceled the contract by asking for a refund.

  • Then to add insult to injury, the reps send emails containing disparaging, slanderous and defaming lies with attachments of confidential government documents possessing the private information and identity of the client, to perfect strangers and people having no interest in the business at hand.  

If you could avoid experiencing what is described above, wouldn’t you be grateful to the parties who spent the time to report their unfortunate experiences or would you give the people such as Nater and Jones a chance to cause you serious harm as they have the many people and business who have reported these fraudsters???

To begin this rebuttal to Nater and Jones absolutely misleading and fraudulent statements and allegations, with permission of the 2 authors Nater and Jones question the validity of, I’m offering the authors contact info of the rebuttals Nater and Jones challenge.  Anyone wishing to verify the authors are who they say they are and that Nater and Jones are fools to make their idiotic allegations are welcome to contact Derek and Vlad.

Derek Boyd                  864.884.9884 derekrobertboyd@gmail.com

Vladimir Stukalov        864.420.6555 vstukalov72@gmail.com

Derek, Vlad and many others are fully aware of the agreement for service I signed with Jones and 1st American Financial.  In fact, it appears that, while the narcissistic minds of Nater and Jones continue to judge the comprehension levels of others while making allegations that I and others have the inability to understand the agreement I signed with Jones and 1st American Financial, it’s actually Nater and Jones who are seriously inept which makes them hypocritical as well.  

For someone to make such allegations as many times as these shysters have, it would seem that they would provide the proof to backup their claims however they don’t.  Staying true to my transparent nature, I’m attaching copies of my Agreement of Service as well as the Client Copy of the fraudulent Cash Backed SBLC they issued me and one of the many FAKE SWIFT transmission reports Nater supplied me  to prove that Nater and Jones are complete liars and expect people to be so foolish as to believe anything they say despite all the evidence which proves Nater and Jones are nothing more than scam artists having no scruples. 

What’s more interesting is that Nater and Jones don’t have any reservations about freely sending my personal documents (Passport, Passport Signature and Florida Concealed Carry Permit) attached to fraudulent, slanderous and defaming emails, to my friends and associates, people they don’t know which could easily allow these documents to be used for identity fraud which is probably the reason they closely guard their own identity as they don’t offer any personal information whatsoever including that of social websites.  These 2 people hide like little rats, only surfacing from the sewers in which they live in, when another potential victim exposes themselves to these fraudsters. Just try to find anything personal on either of them. 

While Nater and Jones make ridiculous allegations and representations, they don’t back up their comments with documents which they can easily provide so I’ll do it for them.  As Nater and Jones state, “the truth is in the agreements” I now make the agreements available for all to see. 

  1. Nater and Jones, as illiterate fools, state in their rants, the Agreement for Service was signed as of April 24, 2018.  Please notice the date of the agreement as well as the signature dates of the agreement being April 20, 2018. By them not simply spelling my last name correctly and referencing a wrong date, who is it that’s illiterate???

  2. Paragraph 7 identified as #2 plainly states that MVP as Client will deliver to 1st Am, $300 Thousand as and for the issuance of the documents and or instruments as noted in the proceeding recitals of page 1, the specifics of #4, #5, #6 etc.  

  • Doesn’t the above clearly state the $300 Thousand was being paid to 1st Am???

  • Doesn’t #4 of the agreement clearly state 1st Am was to provide $20 Million in Certificates of Deposits (CD’s) which have yet to be verified???

  • Doesn’t #5 of the agreement clearly state that the CD’s totalling $20 Million and provided by 1st Am shall be the asset basis for the SBLC???

  • Doesn’t a CD have to have a cash deposit/investment made to the financial institution in order for a Certificate of Deposit to be produced??? https://www.investopedia.com/terms/c/certificateofdeposit.asp

  • If a CD, which was produced by financial institution such as 1st Am, had $20 Million cash on deposit with the financial institution issuing the CD, doesn’t that mean, based on #5 of the agreement, the asset backing the SBLC is in fact cash being held in a Certificate of Deposit account which ironically enough, the CD and the SBLC share the exact same values???

  • Doesn’t #6 of the agreement state that the SBLC must be fully funded???  What funds are they saying are being used if it isn’t cash being held in a Certificate of Deposit account???

  • As stated in the agreement, isn’t funding the SBLC with cash the whole purpose of the CD since the financial institution (1st Am) allegedly has $20 Million in a deposit account supporting the issuance of the CD???

  • Doesn’t the 2nd sentence of #6 of the agreement basically state that 1st Am is lending the Client $20 Million to fund the CD???  Where is the proof of these funds???

  • Doesn’t the 3rd sentence of #6 of the agreement state there’s an interest rate on the funds being held in the deposit account supporting the CD???

  • Doesn’t the 4th sentence of #6 of the agreement represent the correlation of the loan and the CD’s with the interest rate and terms being the same???

  • Doesn’t the 8th sentence of #6 of the agreement represent the CD, as well as the SBLC, is the clients asset which was obtained by using the cash funds borrowed from 1st Am???

  • If the SBLC isn’t Cash Backed, then why did I need to borrow $20 Million to provide the funds for the CD(s) used in funding the SBLC???

  • Despite the additional $75 Thousand I paid due to Nater and Jones ineptness, they charged $300 Thousand so I would have the buying power of $20 Million for 60 days without the risk of using $20 Million in cash.  This equates to an APR of 9% per year which is a fair rate for this type of transaction. However, how would you feel if you were charged and paid interest on a loan but didn’t receive the use or benefits of the funds???   

  • Could it be possible Nater and Jones are the ones that can’t read and or comprehend the very agreement they ask people to sign???

  1. Paragraph 7 identified as #2 plainly states that MVP as Client, will deliver to 1st Am, $300 Thousand as and for the issuance of the documents and or instruments as noted in the proceeding recitals of page 1, the specifics of #4, #5, #6 etc.  The transparency of how the funds were to be disbursed by United Escrow upon 1st Am fulfilling their contractual obligations is appreciated but what does that have anything to do with 1st Am’s Non Performance since #13 of the Agreement for Service clearly states the agreement contains the total understandings between 1st Am and the Client and supersedes any other documents and verbal agreements???

  2. The United Escrow Inc escrow instructions stated that the funds would be released to the parties as described in the instructions once the Escrow Company received the Cash Backed SBLC.  Wouldn’t it be fair to say, if a Cash Backed SBLC wasn’t received by United Escrow, the funds shouldn’t have been disbursed to Nater, Jones and others they contracted with???

  3. If a known bank or other financial institution, having a verifiable presence even including small regional banks, offered to produce a $20 Million financial instrument that could be called upon within 3 banking days, I believe most of us would trust them to do so.  However, with a no name financial institution such as 1st American Financial, having a shitty website, no known clients, boasting of being offshore with $3 Billion in assets of which there is no proof of and not having any legal corporation status in the U.S. or anywhere else that can be found, wouldn’t it be wise to verify the funds this fly by night operation represents to have if you’re paying for the instrument and the instrument is for the benefit of protecting a seller's interest in receiving payment for the assets their selling and trusting to a buyer without payment???

  4. Who in their right mind would trust a company like 1st American Financial to have the funds they say they do and will provide payment to a seller in the event of default by the purchaser???  OK, I admit I was a fool!!!

  5. Wouldn’t a licensed escrow company such as United Escrow Inc, be expected to verify the validity of the financial documents, being supplied by Nater and Jones through 1st Am, by simply verifying the $20 Million in funds they loaned to their Client/Borrower which were allegedly placed in a deposit account for the purpose of producing a CD which was to be used to Cash Back the SBLC which they issued or isn’t this important to anyone???

  6. Couldn’t it be possible that the reason FAKE SWIFT reports were sent by Nater and Jones to me is because no bank would accept such a worthless SWIFT or Hard Copy of an SBLC unless the funds could be verified???

  7. Nater and Jones claim that they fulfilled their obligations by sending a hard copy of an SBLC issued by 1st Am to United Escrow however;

  • The SBLC was never validated to be legitimate by Nater and or Jones producing any proof of the $20 Million loaned to MVP or the deposit account the $20 Million was held in for the purpose of producing the CD or even a Certificate of Deposit showing the face value of $20 Million which was to back the SBLC.  Are we all just supposed to believe their operating a legitimate financial business after failing to fulfill their obligations???

  • Before entering into an agreement with Nater, Jones and 1st Am, Nater represented that CitiBank would SWIFT the SBLC to the bank I directed the SBLC to be sent to.  Nater even sent me a copy of a CitiBank SWIFT transmission report dated Oct 3, 2017 to verify his ability and procedures which looks to be FAKE as well.

  • While the Agreement for Service states the total understandings are contained in the agreement and also states the transmission isn’t a contractual obligation of 1st Am, the agreement stated that the SWIFT transmission was an accomodation to the client which they failed to accomplish after 5 attempts.   Why would they believe that anyone else could succeed in electronically transmitting their SBLC when the issuer, being Nater, Jones and 1st Am, failed 5 times over a period of more than 60 days???

  • While Nater and Jones depend on people's ignorance of this business, it’s important to know that only an issuer of an SBLC may send the initial SWIFT if they have SWIFT capabilities and if not, they must be the ones to direct an Advising bank to facilitate the SWIFT. An advising bank's responsibility is to authenticate the letter of credit issued by the issuer to avoid fraud.https://en.wikipedia.org/wiki/Advising_bank

  • How can Nater and Jones justify their non performance and expect to excuse their responsibility to facilitating the SWIFT, no matter what the Agreement for Service states, when they should know the issuer is the only party that has control over the SBLC being sent via SWIFT???

  • Isn’t it suspicious that Nater and Jones use one small, misleading clause in their agreement, which makes it virtually impossible for the SBLC to be utilized, to defend their position of not refunding the $375 Thousand they charged and unjustly enriched themselves from while MVP, it’s associates and clients all suffered huge amounts of losses including $9 Million in monthly net income to MVP.

  1. Nater stated in texts and emails that he had secured another source to forward the SWIFT and had even paid $75 Thousand for the SWIFT to be sent.  Since it only takes about 24 to 72 hours for a SWIFT to be sent and received, isn’t it fair to say that the 20 days I waited for my bank to receive the SWIFT MT760 was far beyond what most people would say is a more than fair show of patience especially when more than 60 days had already passed beyond the 3 days that I was led to expect it to take???

  2. Since Nater and Jones state Nater paid $75 Thousand for an alleged SWIFT that he proclaims to have directed and paid for, wouldn’t Nater and Jones want to prove this payment which should be easy to do???

  3. Nater and jones state that I cancelled the agreement.  Why would I or anyone else pay $375 Thousand and cancel the agreement when it would only mean a great loss as it’s proved to be???

  4. If I did cancel the agreement as Nater and Jones continually profess to, why don’t they provide some sort of proof of the cancellation when the Agreement for Service specifically states all additions or changes to the agreement must be done in writing which would include cancellations as defined by contract law which Nater and Jones don’t seem to have any comprehension of.

  5. How is a 3 Day Demand for Refund a cancellation especially when the refund was never given???  Does Nater and Jones actually expect people to believe this nonsense??? With that logic, if a person requested a refund from a hotel due to paying too much for a room, that would constitute a cancellation of the reservation.  How ridiculous can they be??? Even hotels are required to record or have written proof of cancellations so how does Nater and Jones justify their ludacris remarks when they never made a refund nor have anything in writing or a recording of a cancellation being made???

  6. Nater stated that the cancellation didn’t matter as my account expired 16 days later.  How is it that I borrowed $20 Million and paid $375 Thousand to Nater and Jones, no SBLC was ever received by the banks as promised by Nater and Jones which resulted in a total loss to MVP due to failures and non performances on the part of Nater and Jones including a total of 8 FAKE SWIFT transmission reports and they justify it all by saying it didn’t matter as my account expired 16 days later???  Imagine receiving a $20 Million loan from a bank for a period of 2 months and not having access to or receiving any benefits of the capital but being charged $375 Thousand dollars for the 2 months of interest???   This is almost comical.  Who would sign a contract with Nater, Jones or the companies they own and represent after reading that???

  7. Nater and Jones use words such as extortion to describe my threats to them.  Extortion is when someone is seeking unjust enrichment by threatening harm to another.  I have threatened Nater and Jones plenty of times by advising them to refund the money I paid them until they provide the legitimate instrument they promised and or provide proof that they even have the ability to do so and if they don’t, I will seek to have them criminally prosecuted which I fully intend to do and work every day to accomplish so that no one else will fall victim to them as I and others have.  How is this extortion???

  8. Nater and Jones say I have no money in the transaction and while I didn’t pay anything towards the funds they received so my clients could participate, I have a far greater amount into the transactions I created and have now lost due to Nater and Jones incompetence which they’ll realize when they’re being told what the amount of restitution they’ll be required to pay.

  9. Nater and Jones maintain their hypocrisy by saying I don’t have anything into the deal however, they pocket hundreds of thousands of dollars when they failed to perform and didn’t produce any proof that they even had the ability to legitimately perform what they promised.  Why don’t they prove they have the funds they rely on to provide the products and services they offer by showing the $3 Billion they represent on the 1st Am website or even the $20 Million I paid $375 Thousand to receive in the form of a $20 Million SBLC for a period of 2 months???

  10. Nater and Jones continue to believe that I or anyone would refuse a 90 day SBLC extension or that anyone would believe such a foolish representation but they continue with this idiotic rhetoric.

  11. Wouldn’t Naters and Jones statement of them never having issued a “Cash Back SBLC” make the promissory notes, CD’s and other contractual statements fraudulent misrepresentations???  Why would anyone accept a Letter of Credit if there wasn’t any cash funds backing it??? What Value does it have??? Nater and Jones basically said, the SBLC isn’t worth the paper it was written on but they charged $375 Thousand for worthless documents.  Is this an ethical, honorable or legal business model??? WHAT THE HELL DOES #5 OF THE AGREEMENT FOR SERVICE MEAN IF THE SBLC ISN’T CASH BACKED AND WHY DID I BORROW MONEY TO HAVE PLACED IN A CD FOR THE ASSET BASIS OF ISSUANCE IF THE SBLC THEY ISSUE ISN’T CASH BACKED???   

Isn’t it safe to say that Nater and Jones are absolutely delusional and or lack the ability to understand the difference in providing responsible, ethical, honest business services and products from being completely unlawful, disrespectful and just being complete and utter scam artists with no concious???

Anyone that has read this and viewed the evidence and still wishes to do any business whatsoever with these despicable people will deserve to lose their money.  I wish I would have been warned about Nater and Jones and now I’m doing what I can to help prevent others from becoming victims like I and others have.

I have no doubt Nater and Jones will continue with their narcissistic and unlawful ways and they can be assured I will do everything possible to have them held accountable for all their criminal activity which I and others pray includes a long prison sentence. 

Please read the attached documents and make your own conclusions.  More information and documents will soon be available at revealscam.com/1stamfinscam which is currently being created to report fraudulent business practices as Nater and Jones operate.

As always, you’re welcome to contact me for more information or to discuss this in more detail.

Richard Olson

813.546.5785

 

Respond to this report!

#5 Consumer Comment

Rebuttal To Paul Nater's Original Report

AUTHOR: Derek - (United States)

Hello, my name is Derek and I am one of the investors involved with this SBLC transaction and this is my rebuttal to Mr. Paul Nater on the accusations that Mr. Richard Olson, Managing Director of Maverick Venture Partners, is a scam artist/fraudster.

Firstly, I would like to start off by clarifying that the man being accused of fraud, their client, is spelt Richard Olson, not Richard Olsen. I would think that with all the documents that he has provided for his identification, signed contracts, and especially up until recently with tensions rising via the use of third party mediators that Mr. Nater and Jones would know the correct spelling of his name.

For reference here is a brief history of my relationship with Mr. Olson, I have known Richard Olson for close to a year now and have been a part of a few separate successful business transactions prior to and after this investment began, and at no point has Mr. Olson fraudulently taken my money for personal gain or recklessly lost it. 

Now in regard to this SBLC transaction, Mr. Paul Nater of “Nater and Associates” and his associate Mr. Steve Jones of “First American Financial” are claiming Mr. Richard Olson of being fraudulent by using investor funds, such as my own, for his own personal use while also claiming that Mr. Olson deceitfully led us, the investors, into believing this was for a “Pie in the Sky” too good to be true-esque, investment in which we, the investors, would receive incomprehensible returns of “45%” per month on a gold transaction being conducted in Africa. This same Mr. Nater also makes the claim that states Mr. Olson was not transparent in explaining the type of bank instrument he received to both his investors as well as to the multiple banks involved.

I want to first refute this specific claim in that Mr. Olson has been wholeheartedly transparent and honest during this entire situation. Prior to investing my funds, Rich, at no point filled my head with the grandiose ideas of acquiring incomprehensible returns without first validating his claims with vast amounts of market analysis and research. He also took the time to explain all the intricate parts in this transaction with plenty of detail, asked if we had questions, and gave us all the documents he had to prove his claims. He also explicitly stated, numerous times to “please” do our own due diligence and if any questions or concerns arise to ask him, or if he did not have the answer, he would get us in contact with the person who does. The interesting thing here is that Mr. Nater and Jones specifically state that Mr. Olson was using our money “carelessly and fraudulently … for his own personal ventures” but the contracts that Mr. Olson has shared with all investors, the ones supplied and signed by Mr. Nater and Mr. Jones, clearly state the use of funds, where they will be placed, and who has access to them.

Rich has supplied all records proving the transfer of funds as well as the escrow company themselves attest to giving Mr. Nater and Jones access to the funds prior to the completion of the contract. At no point in the last few months has Mr. Olson ever had access to those funds since they were placed directly into the escrow account by the investors. Nor should have First American Financial, at least not prior to both producing an SBLC, and having it successfully swifted via MRB Consulting through Citibank, which as they neglect to mention was Mr. Nater and Jones’ recommendation not Mr. Olson's, exactly as how the contract was written. Yet despite this Mr. Olson is accused of being unable to read or adhere to the terms of a contract.

Next, I want to refute this issue of the African gold deal and the legitimacy of the investment altogether. Firstly, Mr. Nater and Mr. Jones clearly do not understand the basic principles of economics, specifically in regards to Supply and Demand, and Arbitrage trading. It is a relatively simple transaction with set costs on acquisition and shipping, so when calculating net gains based on frequency the math is clearly evident. I personally, with Mr. Richard Olson, and another investor went to Dubai, UAE to witness firsthand, and meet the refineries that would be responsible for these transactions. I as well as other investors have also firsthand spoke with the parties involved or at least been a part of a conference call discussing the transactions. At no point between the multitude of people involved on various levels did Mr. Olson’s story not match exactly what was being stated by literally everyone else involved.

My final point that I would like to bring attention to is the specific statement of “He has also committed slander”. This one statement is quite comedic, and it is blatant hypocrisy. Mr. Nater and Jones have without any evidence made this very strong accusation, yet oddly enough Mr. Olson, who has not made this claim about them, has substantial evidence proving they are in fact doing what they claim Mr. Olson does, the act of slandering.

In conclusion, I am genuinely disappointed that this transaction has resulted into such a crass situation, for all parties involved. From my personal opinion, based on the evidence provided, it would look as though Mr. Nater and Jones have been caught doing exactly what they accuse Mr. Richard Olson of doing, but instead of admitting their mistakes, or attempting to rectify the situation, they have instead resorted to name calling and blame shifting. I hope this situation can be resolved quickly and peacefully however at the state of dismay Mr. Nater and Jones are evidently showing, I highly doubt such a quick, peaceful solution will ever occur.

**Disclaimer** I wrote this prior to Mr. Nater's recent rebuttal's towards the other investors. The statement above is solely based on the initial ripoff report filing. I have not read the most recent statements by Paul Nater and/or Steve Jones as of 9/13/2018.

Respond to this report!

#6 Author of original report

Rebuttal to the rebuttals by Richard Olsen, Darren Williams and Todd Copley dated: 9/13 to 9/14

AUTHOR: Paul - (United States)

Apparently Richard Olson is continuing his fraudulent attempt to discredit me and the provider of the SBLC he obtained through First American Financial.  His latest sham is in the form of letters filed by two of his friends, expounding on the virtues of Olson.  More importantly, while both letters sound suspiciously like they were written by the same individual, and then slightly changed to sound as though they were written by two different people, both letters support Olson’s totally inaccurate scenario of what Olson would like everyone to believe.  Apparently, neither individual has taken the time to read the agreement for service Olson signed with the provider.  Olson’s “rock solid evidence” is based on his inability to read and understand the agreement he signed, or perhaps is  simply a refusal to accept the terms and conditions of that agreement now that he has lost his investors money.  The only true “facts” are those contained in the agreement with the provider, which was signed by Olson.  The true facts of this matter (not Olson’s fraudulent “alternate facts”) are contained in that agreement, and those facts totally contradict Olson’s “evidence”.  The entire foundation for Olson’s complaint is the agreement he signed with First American, yet he continues to be unable or unwilling to understand that agreement.  “The document speaks for itself” and it contradicts Olson’s entire complaint.  The agreement is the beginning and the end of this transaction.  All else is a smoke screen and an elaborate attempt by Olson to direct the reader to matters which are not relevant to the transaction.   Since Olson will not focus on the real truth of this issue, I will explain it in detail.

 

On April 24, 2018, Mr. Olson signed an agreement with First American Financial to provide a Stand By Letter of Credit (SBLC) in the amount of $20,000,000.00 and deliver that SBLC to United Escrow in Los Angeles.  I will attach a copy of that escrow. 

 

Per those same escrow instructions, SIGNED BY OLSON, Maverick Venture Partners (Maverick) was to wire funds to escrow to pay: 

 

1.) SBLC issuance fees ($269,000.00),

2.) escrow fees ($6,000.00), and

3.) fees ($25,000.00) payable to a third company MILLENNIUM INTERNATIONAL BUSINESS    DEVELOPMENT CORP.  which would transmit the SBLC as an MT760  

 

Olson wired those fees ($300,000.00).

 

Per those escrow instructions, SIGNED BY OLSON, upon receipt of the SBLC from the provider, $269,000 was released to First American.  The SBLC hard copy was sent overnight to the SWIFTing company, (MILLENNIUM INTERNATIONAL BUSINESS DEVELOPMENT CORP via MRB Consulting.)  along with $25,000.  $6,000 was retained by escrow.  All of these funds were disbursed strictly per Olson’s instructions.  All funds having been disbursed per Olson’s escrow instructions, escrow was closed.

 

Per Olson’s agreement with First American, as well as Olson’s escrow instructions, First American’s contractual duties were performed and completed upon delivery of the SBLC to escrow.   Although this is clearly stated in the First American agreement signed by Olson, Olson continues to fraudulently claim that the agreement states something different.  A simple reading of the agreement proves Olson is simply lying when he claims otherwise.

 

Upon disbursing of all funds, and overnight transmittal of the hard copy SBLC, escrow had performed its duties to the letter as instructed by Olson, and escrow was closed.  Once again, these are documented, escrow instructions.  A simple reading of those instructions proves his allegations regarding escrow are fraudulent.

 

Since that time, MILLENNIUM INTERNATIONAL BUSINESS DEVELOPMENT CORP.  failed to deliver the hard copy SBLC via SWIFT MT760.  I had located an alternate source for forwarding the MT 760, but 4 days after securing that source, Olson cancelled his account and SBLC with First American.  Both Olson and his underling, Darren Williams attempt (absurdly) to explain that Olson did not really cancel his account.  The fact that Olson’s “3 Day Demand for Refund” did not provide for any other solution than complete and immediate refund, I can see no other terminology other than “cancellation” that would fit Olson’s actions.  That however, doesn’t really matter, since the Maverick account expired 16 days later.  First American notified Olson that due to his demand, the account would be temporarily suspended while Olson’s demand was reviewed by the company attorney.  This would be standard and required practice for any company receiving such a demand and unilateral cancellation of its contract with a customer.   During that additional 16 day time period, Olson had the opportunity to go forward with the new SWIFTing company I had located, but chose instead to send e-mail after e-mail – sometimes 3 per day- demeaning, threatening, extorting, and acting with total disregard for any professionalism or civility, while demanding a refund of his money.  (As it turns out, Olson had absolutely not one dime of his own money into the transaction.).  Olson first cancelled his account prior to its expiration, and then chose not to accept a 90 day extension and SWIFT transmittal, both of which were offered to him at no cost whatsoever.

 

Olson’s current solution to the transaction he has now destroyed, is to blame First American and myself for his failure to be able to read a contractual agreement.  The agreement he signed with that company is clear.  It is  clearly explained and in  detailed.  I believe the term is “transparent”.

 

First American does not and has to my knowledge, never issued a “cash backed” SBLC.   Olson is attempting to convince everyone that this is what First American agreed to provide him.  But this is not stated in the agreement he signed with First American.  The notion itself is absurd.  What financial institution would issue a call on demand cash backed SBLC in the amount of $20,000,000 without collateral from the client, and for a paltry fee of $269,000?   More importantly, is that the contractual agreement signed by Olson does not state or even infer that the SBLC being issued will be “cash backed”.  This is a true fact that Olson will not address.

 

Aside from the illogical premise, the agreement signed by Olson said nothing about a cash backed instrument.  To believe that it was “understood” that the item would be cash backed, would be tantamount to saying that it was also “understood” that First American would be providing housing in Africa for Olson, as well as a limousine, while he worked on his (pie in the sky) undertaking. 

 

The First American agreement does not mention or even allude to anything “cash backed”.   It DOES state quite clearly however:

 

“This Agreement contains the total understanding between FIRST AMERICAN and Client, and supersedes any and all other documents or verbal agreements pertaining to the matters set forth in this Agreement. There are no additional understandings, agreements or promises made or implied other than those specifically stated herein.  Any specific issues not stated herein are neither implied nor a part of this Agreement.   Any changes or additions to this Agreement must be made in writing, executed by both parties to this Agreement, and attached hereto as a Rider.  It is further agreed that this Agreement shall become an integral part of any escrow between the parties as pertains to the collection of fees, if so agreed, due FIRST AMERICAN and the delivery of documents and instruments to Client.”

 

Olson’s second complaint is that First American was somehow responsible for transmitting the hard copy SBLC after it was issued.  This allegation is also absurd, if only due to the fact that the agreement Olson signed with First American CLEARLY states:

 

“…The terms, conditions, understandings, and obligations, affecting this SWIFT transmission are undertaken by the Client and parties noted above in this Paragraph, and shall be considered apart from all other terms, conditions, understandings and obligations as agreed to in this Agreement.  Client understands that funds for the SWIFT transmission noted herein are not for the benefit of, and shall not be retained by, FIRST AMERICAN. The transmission of the SWIFT as noted herein is an accommodation to the Client, and is not  a contractual obligation of FIRST AMERICAN.”

 

The failure of Olson’s undertaking is due to two main factors:

 

The first reason was the company used by Olson to transmit his hard copy SBLC – “MILLENNIUM INTERNATIONAL BUSINESS DEVELOPMENT CORP. “ defrauded Olson.  That company – who is Rufus Huff – took $75,000 and delivered 3 fraudulent SWIFT MT760 receipts.   Huff’s agreement was that he would provide an account that would render the MT760 a cash backed item prior to forwarding the SBLC via SWIFT.  This account is actually shown on 2 of the SWIFT transmittal receipts, as Olson is aware.  Olson went so far as to inquire to Huff, as to the last 4 digits of the account.  It is interesting to note however, that Olson continues to demand the return of his funds from First American, (knowing all the while that they were stolen by Huff) while at the same time demanding that Huff refund the funds to him.  Obviously Olson is merely trying to collect funds not owed to him, by pressuring the “deep pockets” – First American – to pay him.

 

The second reason for the failure of Olson’s transaction, was that Olson himself destroyed it with his threats, extortion, slander and endless child like e-mails.  Even after he cancelled his account, I was able to get First American to extend his original account by 90 days, and arranged for a new SWIFT provider, all at no cost.  Olson responded with threats, extortion, and demeaning emails.

 

After First American withdrew their 90 day free extension offer, due to Olson’s obnoxious, demeaning e-mails, I was again able to convince them to re-issue the expired SBLC, for 60 days, once again, at no cost to Olson.  This offer was also met with Olson’s standard unprofessional, threatening, child like emails.  Naturally, as any reputable firm would do, First American withdrew the offer.

 

Unbelievable though it may seem, I was able to convince First American a third time to re-issue the SBLC for free, for a 60 day maturity.  I pointed out to them that innocent investors would lose money if Olson were allowed to ‘scuttle’ the transaction, and First American agreed with a caveat that a release be executed by Maverick, releasing First American from all previous (false) accusations.  (Investor losses were never important to Olson.  He himself had no investment to lose.) First American  wanted to start fresh.  This final offer was met by not only Olson’s normal unprofessional, immature, threatening emails, but by demands from Olson’s underling/toadie, Darren Williams, who insisted that First American disclose its proprietary and financial business holdings and operations, and that they also deposit $20,000,000 in an account where Olson and Williams could access it.  As a final absurdity, Williams insisted that First American  issue a cash backed SBLC.

 

If you feel that my explanation is a bit harsh, please understand that I do not like scammers who take investor money under false pretenses,  promises that funds will be held safely in escrow and then spent, and then try to blame everyone but themselves when their house of cards collapses.  

 

Much as Olson continually attempts to claim some dark and conspiratorial connection between my company and the provider, my company is a separate, autonomous  entity.  I am not affiliated in any way with First American.  I am authorized to submit applications to them, as are 14 other brokers in the United States.  I cannot speak for the company.  I can quote rates and terms, just as I could if I was brokering a client loan to Bank of America.   I do business with First American because they are reliable and have been in business for over 13 years, without any legal problems.  I also conduct business with several other companies.  These facts however, do not serve Olson’s purposes and he tries not to address the issue directly. His claims of millions of dollars in client losses are absurd on their face.  A company could not remain in business if that claim were true.  Mr. Olson however, is not over endowed with common sense.  

 

While I am skeptical regarding the success of the project Olson convinced his investors to buy into (45% return on investment, monthly?!  From a gold company located in the gold scam headquarters of the world?!) I do know that the transaction(s) which I set up – ON 3 SEPARATE OCCASIONS – would have succeeded with more professional leadership.   The company – which is no more than Richard Olson himself, and the investors he has duped -  is lead by an immature, ego driven individual.  If Olson had invested any of his own money in the transaction, he might have been more concerned with the outcome.

 

This is the transaction as it actually took place.  Olson continually tries to twist the clear and precise verbiage of the First American agreement to indicate that there was to be a cash backed SBLC.  There was not and the agreement never states or even alludes to any “cash backed” instrument.  Even knowing this, Olson continues to base his “facts” on this fraudulent premise.  His knowledge of this, as well as other clearly stated points in the agreement which he continues to contradict, makes his complaint and allegations, not false, but fraudulent.

 

Olson attempts to convince anyone who will listen, that First American was to loan Maverick Venture Partners $20,000,000 and place that money in an account.  This is not stated in the agreement, nor is it implied.

 

Olson continues to claim that First American had a responsibility to transmit the SBLC via the SWIFT system.  This point is specifically PRECLUDED in the agreement.

 

First American’s contractual obligations and duties were totally performed upon delivery of its non cash backed SBLC to escrow, as clearly stated in its agreement and fully supported by Olson’s own escrow instructions.

 

There is no need for Olson’s continuing 3 and 4 page epic stories and (false) evidence.  The 3 points I have noted above tell the entire story.  These 3 points can be easily found in the agreement for service Olson has.  Read the agreement.  That is the entire matter without Olson’s smoke screen.

 

 

Sincerely,

 

 

Paul Nater

Respond to this report!

#7 Author of original report

New Rebuttal to Richard Olsen, Maverick Ventures, Darren Williams and Todd Copley/ rebuttal dates: 9/13 & 9/14 2018

AUTHOR: Paul - (United States)

The failure of Olson’s undertaking is due to two main factors:

 The first reason was the company used by Olson to transmit his hard copy SBLC – “MILLENNIUM INTERNATIONAL BUSINESS DEVELOPMENT CORP. “ defrauded Olson.  That company – who is Rufus Huff – took $75,000 and delivered 3 fraudulent SWIFT MT760 receipts.   Huff’s agreement was that he would provide an account that would render the MT760 a cash backed item prior to forwarding the SBLC via SWIFT.  This account is actually shown on 2 of the SWIFT transmittal receipts, as Olson is aware.  Olson went so far as to inquire to Huff, as to the last 4 digits of the account.  It is interesting to note however, that Olson continues to demand the return of his funds from First American, (knowing all the while that they were stolen by Huff) while at the same time demanding that Huff refund the funds to him.  Obviously Olson is merely trying to collect funds not owed to him, by pressuring the “deep pockets” – First American – to pay him.

 The second reason for the failure of Olson’s transaction, was that Olson himself destroyed it with his threats, extortion, slander and endless child like e-mails.  Even after he cancelled his account, I was able to get First American to extend his original account by 90 days, and arranged for a new SWIFT provider, all at no cost.  Olson responded with threats, extortion, and demeaning emails.

 After First American withdrew their 90 day free extension offer, due to Olson’s obnoxious, demeaning e-mails, I was again able to convince them to re-issue the expired SBLC, for 60 days, once again, at no cost to Olson.  This offer was also met with Olson’s standard unprofessional, threatening, child like emails.  Naturally, as any reputable firm would do, First American withdrew the offer.

 Unbelievable though it may seem, I was able to convince First American a third time to re-issue the SBLC for free, for a 60 day maturity.  I pointed out to them that innocent investors would lose money if Olson were allowed to ‘scuttle’ the transaction, and First American agreed with a caveat that a release be executed by Maverick, releasing First American from all previous (false) accusations.  (Investor losses were never important to Olson.  He himself had no investment to lose.) First American  wanted to start fresh.  This final offer was met by not only Olson’s normal unprofessional, immature, threatening emails, but by demands from Olson’s underling/toadie, Darren Williams, who insisted that First American disclose its proprietary and financial business holdings and operations, and that they also deposit $20,000,000 in an account where Olson and Williams could access it.  As a final absurdity, Williams insisted that First American  issue a cash backed SBLC.

 If you feel that my explanation is a bit harsh, please understand that I do not like scammers who take investor money under false pretenses,  promises that funds will be held safely in escrow and then spent, and then try to blame everyone but themselves when their house of cards collapses.  

 Much as Olson continually attempts to claim some dark and conspiratorial connection between my company and the provider, my company is a separate, autonomous  entity.  I am not affiliated in any way with First American.  I am authorized to submit applications to them, as are 14 other brokers in the United States.  I cannot speak for the company.  I can quote rates and terms, just as I could if I was brokering a client loan to Bank of America.   I do business with First American because they are reliable and have been in business for over 13 years, without any legal problems.  I also conduct business with several other companies.  These facts however, do not serve Olson’s purposes and he tries not to address the issue directly. His claims of millions of dollars in client losses are absurd on their face.  A company could not remain in business if that claim were true.  Mr. Olson however, is not over endowed with common sense.  

 While I am skeptical regarding the success of the project Olson convinced his investors to buy into (45% return on investment, monthly?!  From a gold company located in the gold scam headquarters of the world?!) I do know that the transaction(s) which I set up – ON 3 SEPARATE OCCASIONS – would have succeeded with more professional leadership.   The company – which is no more than Richard Olson himself, and the investors he has duped -  is lead by an immature, ego driven individual.  If Olson had invested any of his own money in the transaction, he might have been more concerned with the outcome.

 This is the transaction as it actually took place.  Olson continually tries to twist the clear and precise verbiage of the First American agreement to indicate that there was to be a cash backed SBLC.  There was not and the agreement never states or even alludes to any “cash backed” instrument.  Even knowing this, Olson continues to base his “facts” on this fraudulent premise.  His knowledge of this, as well as other clearly stated points in the agreement which he continues to contradict, makes his complaint and allegations, not false, but fraudulent.

 Olson attempts to convince anyone who will listen, that First American was to loan Maverick Venture Partners $20,000,000 and place that money in an account.  This is not stated in the agreement, nor is it implied.

 Olson continues to claim that First American had a responsibility to transmit the SBLC via the SWIFT system.  This point is specifically PRECLUDED in the agreement.

 First American’s contractual obligations and duties were totally performed upon delivery of its non cash backed SBLC to escrow, as clearly stated in its agreement and fully supported by Olson’s own escrow instructions.

 There is no need for Olson’s continuing 3 and 4 page epic stories and (false) evidence.  The 3 points I have noted above tell the entire story.  These 3 points can be easily found in the agreement for service Olson has.  Read the agreement.  That is the entire matter without Olson’s smoke screen.

 

Sincerely,

  

Paul Nater

Respond to this report!

#8 REBUTTAL Individual responds

Rebuttal to Slanderous, Defaming, Fraudulent and Frivolous Comments and Actions

AUTHOR: Richard - (United States)

The authors of this slanderous and defaming post, Paul Nater of naterassociatesinc.com/ and Steve Jones of 1stamfi.com/ are so desperate to protect their fraudulent business practices, they’re resorting to posting misrepresentations on a public website which is beyond my comprehension and understanding and will certainly bring criminal action against them both.

 

Nater and or Jones state that I don’t know how to read a contract however they continue to misspell my last name which is Olson, NOT OLSEN.  This is even after they illegally distribute my personal and confidential government identification to people in emails containing their slanderous, defaming and fraudulent misrepresentations which now, I'm threatened with the fact that others may use these documents for identity theft as Nater and Jones obviously have.

 

Nater and Jones began their tort by stating I’m a scam artist and fraudster.  This comes from the very 2 people that received and pocketed a total of $375 Thousand from my clients using United Escrow unitedescrowinc.com/ as a safety measure and Nater and Jones ultimately failed to perform to the terms and conditions of the agreement I signed with Jones.  How could I have scammed my clients out of their money or even used their money when every Dime was sent directly from the clients to United Escrow which was then distributed to the pockets of Nater and Jones along with United Escrow retaining a portion for their services.  This is just another example of Nater and Jones gross display of fraud through misrepresentations, slander and defamation of character which they make in their desperate attempts to protect their years of fraudulent financial activity.

 

These funds were paid directly to United Escrow by my clients instead of going through my company accounts.  I did this to provide transparency to my clients and protect all parties as much as possible against fraud as well as this gives 100% proof of the path of the funds and where they ended up.   

 

What’s incredible is the fact that Nater and Jones didn’t only pocket $375 Thousand dollars without providing the products and services they represented and promised, they’ve resorted to even greater acts of fraud by making their slanderous and defaming remarks public and as of 2 days ago, I learned they emailed friends, business associates and even a realtor of mine, an incredibly potentially damaging email which even included a copy of my passport, my passport signature and my state concealed carry permit.  I spoke with Maria who works in the fraud and cyber crimes department of the LA. County Sheriff's department and she advised me that based on what I told her, they committed wire and identity fraud. How can Nater and Jones possibly justify making their allegations towards me without providing any evidence when I have more than enough documented evidence to contradict their erroneous statements??? Is this behavior conducive of a company that boasts managing over $3 Billion in assets???

 

Nater and Jones state that I carelessly and fraudulently use my clients money however my clients money went directly to United Escrow company which Nater and Jones directed the funds to go.  They even say I use my clients money for my own personal ventures. How is the narcissism these 2 display over and over in their lies and denial of the truth not that of clinically mentally ill people???

 

Nater and Jones continue to misrepresent the truth by mistating percentages but with that aside, it’s interesting how they refute the business and income potential of buying and selling African gold however, Nater sent me 3 different emails on May 25, 2018 containing 3 different African gold sellers which Nater himself was hoping I would entertain purchasing African gold from these sellers and in return, purchase another leased SBLC from him and Jones. How hypocritical can 2 people be???

 

Nater and Jones allege I have several people suing me however I’m only aware of one whose name is Mary who has threatened to sue me and so far, I’m not aware of any suit being filed.  What’s so interesting is, before ever investing a dime, Mary spoke to Nater who convinced her there wasn’t anything to worry about since the money was going directly to an escrow account and wouldn’t be at risk since it wouldn’t be disbursed until the SBLC had been electronically transmitted and received by the intended bank which never happened.  Nater and Jones initiated this activity by contacting Mary and after making erroneous statements about the transaction, convinced Mary I’m the guilty party as he attempted to do with other of my clients however the others weren't foolish to believe any of Nater and Jones rhetoric.

 

If I wasn’t concerned about the funds my investors sent to United Escrow which were disbursed by United Escrow and received by Nater and Jones, I wouldn’t be working every day to pursue and force Nater and Jones to make remedy as well as bring criminal and civil charges against the 2 fraudsters and anyone else they collaborate with.

 

Nater and Jones represented they would arrange the SBLC to be electronically transmitted and received by the bank I instructed to receive the Letter of Credit.  Nater, Jones and the party they contracted to facilitate the SWIFT provided me with 3 MT760 SWIFT transmission reports alleging CitiBank had sent the SWIFT to Santander Bank however, Santander bank failed in their duties to accept the SBLC.

 

Nater, Jones and Huff alleged they facilitated a 4th SWIFT MT760, this time to United Bank of Africa (UBA Bank) and again, blamed the receiving bank for the failure to receive the SBLC after supplying me with a SWIFT transmission report.

 

Then again, Nater, Jones and Huff alleged they facilitated a 5th SWIFT MT 760, this time to Wells Fargo bank whom I personally communicate with the head of the SWIFT department and keeping with tradition, they again blamed the receiving bank for the failure to receive the SBLC after supplying me with a SWIFT transmission report.

 

Finally it was determined that the 5 SWIFT MT760 transmission reports Nater and Jones defend themselves on along 2 other SWIFT transmission reports were all FAKE and CitiBank had nothing to do with them.

 

It’s important to note that only the issuer of a Documentary Letter of Credit (DLC) such as the SBLC being discussed here and Nater and Jones being the issuer of the SBLC, has the ability to legitimately and effectively issue and or direct the SBLC to be electronically transmitted as explained above.  For Nater and Jones to deny their responsibility to this required action is a deliberate show of their intent to defraud as any financial institution would know this and accept this responsibility instead of trying to dismiss it.

 

It's also important to know that the $20 Million SBLC Nater and Jones offered and issued is represented to be cash backed which means 1st American Financial, the financial company Nater and Jones represent and issued the SBLC, are responsible for blocking $20 Million in an account for which to back the SBLC.  To date and after repeated requests, Nater and Jones haven't produced any evidence of the $20 Million. I find this particularly amazing for a financial institution that represents having $3 Billion in assets under management.

 

The only thing that Nater and Jones didn’t misrepresent is that I’m relentless and will attempt to intimidate people into doing the right thing by threatening legal action against them which I will follow through with and is exactly what I’m doing at this moment.   

 

If making daily demands to Nater and Jones to fulfill their obligations and or refund the $375 Thousand they charged for their services and financial products which they have only provided FAKE and fraudulent transmission reports, is harassment, then I’m guilty as charged.

 

I believe and most people have agreed with me, the only mistake I made, which many others did as well, was to trust Nater and Jones to provide the services and products which they contractually promised to and in the end, only fraudulently attempted to make appear that they had done their job by supplying FAKE transmission reports and other fraudulent documents and statements.   

 

I’ll soon be releasing a website which will contain most of the communication, agreements and other documents between Nater, Jones and anyone interested in the truth can decide for themselves who is legit and concerned for their clients and who has no concern or respect for moral, ethical or lawful business practices.

 

This industry is filled with liars, cheats, fraudsters, scammers and con artists who, true to their sick narcissistic attitude, believe they have the right to maliciously enrich themselves while people who trust them, suffer great losses and I promise to expose anyone I’m aware of who exhibits this behavior so that others may avoid being harmed by these despicable people.

 

If what Nater and Jones stated in this report is true, would I be going to the local police today and filing a complaint against them as I was advised to do by Maria of the LA County Sheriff's department fraud and cyber crime unit???

 

If you would like to contact me for any reason, I can be reached at 813.546.5785 and I look forward to answering any questions I can.

 

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#9 REBUTTAL Individual responds

Rebuttal - Nater & Associates - Frivolous Statement Part 2

AUTHOR: Darren - (United States)

IN REBUTTAL TO MR PAUL NATER - Amended Statement I Darren Williams, refute the claims in this rather clumsy hit piece; having spent the last 6 weeks trying to negotiate a settlement between First American Financial (FAF), Nater Associates & Maverick Venture Partners (MVP). During this period I came to the conclusion that I was on a fool’s errand, Paul Nater of Nater & Associates (PN), agreed to try Mediation after 90 days of broken promises and impasse with Mr. Olson. Mediation Failed, with MVP dealing with the aftermath of least 5 Failed Fraudulent SWIFT transactions causing significant losses. I have chosen to answer the following using bullet points; all comments made below can be backed up by Text, Email and copious amounts of documentation. (Quote – PN) Richard Olsen approaches investors with the lure that they can double and triple their money by investing with him. (A - DW) Wouldn’t a SCAM involve actually receiving unjust enrichment?

To this point the only winners here are Nater and Associates/FAF. (Quote – PN) He then carelessly and fraudulently uses their money for his own personal ventures. (A - DW) Lets try and stay on point here Mr Nater, how can Mr Olson use funds, which at no time could be accessed by MVP? First American Financial, Nater & Associates and the SCAM SWIFT Company you procured, have retained all Funds sent to execute this transaction? (Quote – PN) He sells them on his "PIE IN THE SKY” idea that he can sell and buy gold from Africa(!) and other middle eastern countries, making 45% per month on their money. (A - DW) Knowing the MVP Gold Contract intimately, I see none that offer 45% Per Month? That would be "PIE IN THE SKY”! MVP’s standard is 10%, which can be executed by negotiating solid contracts backed by an SBLC.

In reading, he purports to understand the intricacies of Gold Trading, obviously he cannot do math! It really does depend on margin per KILO and how many times it can be transacted per month, thus giving an investor their contracted return. (Quote – PN) He guarantees his investors that their money will be held safely in escrow, and then he spends it on his own projects. (A - DW) Once again in this case, an ESCROW Company, contracted and controlled by Nater & Assocaites/FAF, no money has ever been sent directly to MVP on this project. (Quote – PN) When his scam is detected, he attempts to intimidate and threaten the other people relentlessly. He has several investors suing him for his fraud at this moment. (A - DW) Please provide proof of the several investors who are in process? As we would have been contacted by multiple lawyers asking for a refund of Investment Capital; unlike Nater & Associates/FAF, MVP would have defaulted to it’s rule of the customer is always right! (Quote – PN) He lied to several banks telling them that he had purchased an SBLC and failed to disclose to them that it was a leased instrument. That is bank fraud. He did this with Wells Fargo, TD Bank Canada, Santander Bank Spain and others. (A - DW) Really, this one takes the biscuit; all contracts with Gold Producers & Trade Partners are available on request.

This is pure deflection, from Nater & Associates/FAF’s failure to produce a valid SBLC that could be used as contracted. (1) Santander Fraud SWIFT MT760 was to back a Gold purchase, which is the only way to transact Gold Worldwide. (2) Wells Fargo Fraud SWIFT MT760, was to trade a 60 Day SBLC, then renew for a further 10 Months and one day, obvious to any receiving Bank/Trade Partner that it was not owned? An MVP owned Instrument would be sent for 12 months, with Rolls and extensions and therefore no use for a third party provider like FAF! (3) TD Bank (Canada) Fraud SWIFT, see Wells Fargo. Please feel free to call me and have this slanderous report refuted by hard evidence. Proof of all statements made in rebuttal, can be substantiated by contacting Darren Williams on: +1 (843) 609-7045

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#10 REBUTTAL Individual responds

Rebuttal - Nater & Associates - Frivolous Statement

AUTHOR: Darren - (United States)

IN REBUTTAL TO MR PAUL NATER I Darren Williams, refute the claims in this rather clumsy hit piece; after having spent roughly the last 6 weeks trying to mediate between First American Financial (FAF), Nater Associates & Maverick Venture Partners (MVP); I have at first hand, come to the conclusion that I was on a fool’s errand. Paul Nater of Nater & Associates, agreed to try Mediation, after 90 plus days of broken promises and impasse with Mr. Olson of MVP; at this point MVP had suffered 5 Failed Fraudulent SWIFT transactions with various banks as will be outlined.

I have chosen to answer the following in bullet points; all comments made below can be backed up by Text, Email and copious amounts of documentation. Maverick Ventures LLC in Clearwater Florida / Richard Olsen and Darren Williams DO NOT DEAL WITH THIS MAN! HE IS A SCAM ARTIST AND FRAUDSTER!

Richard Olsen approaches investors with the lure that they can double and triple their money by investing with him. A - Wouldn’t a SCAM involve actually receiving unjust enrichment? To this point the only winners here are Nater and Associates/FAF. He then carelessly and fraudulently uses their money for his own personal ventures. A - Lets try and stay on point here Mr Nater, how can Mr Olson use funds, which at no time could be accessed by MVP?

First American Financial, Nater & Associates and the SCAM SWIFT Company you procured, have retained all Funds sent to execute this transaction? He sells them on his "PIE IN THE SKY” idea that he can sell and buy gold from Africa(!) and other middle eastern countries, making 45% per month on their money. A - Knowing the MVP Gold Contract intimately, I see none that offer 45% Per Month? That would be "PIE IN THE SKY”! MVP’s standard is 10%, which can be executed by negotiating solid contracts backed by an SBLC.

In reading, he purports to understand the intricacies of Gold Trading, obviously he cannot do math! It really does depend on margin per KILO and how many times it can be transacted per month, thus giving an investor their contracted return. He guarantees his investors that their money will be held safely in escrow, and then he spends it on his own projects. A - Once again in this case, an ESCROW Company, contracted and controlled by Nater & Assocaites/FAF, no money has ever been sent directly to MVP on this project.

When his scam is detected, he attempts to intimidate and threaten the other people relentlessly. He has several investors suing him for his fraud at this moment. A - Please provide proof of the several investors who are in process? As we would have been contacted by multiple lawyers asking for a refund of Investment Capital; unlike Nater & Associates/FAF, MVP would have defaulted to it’s rule of the customer is always right! He does not care who he hurts or negatively effects with his scams.

He lied to several banks telling them that he had purchased an SBLC and failed to disclose to them that it was a leased instrument. That is bank fraud. He did this with Wells Fargo, TD Bank Canada, Santander Bank Spain and others. A -Really, this one takes the biscuit; all contracts with Gold Producers & Trade Partners are available on request. This is pure deflection, from Nater & Associates/FAF’s failure to produce a valid SBLC that could be used as contracted.

In Order: Santander Fraud SWIFT MT760 was to back a Gold purchase, which is the only way to transact Gold Worldwide. Wells Fargo Fraud SWIFT MT760, was to trade a 60 Day SBLC, then renew for a further 10 Months and one day, obvious to any receiving Bank/Trade Partner that it was not owned? An MVP owned Instrument would be sent for 12 months, with Rolls and extensions and therefore no use for a third party provider like FAF!

TD Bank (Canada) Fraud SWIFT, see Wells Fargo He has also committed slander, telling lies and not getting his facts straight. He does not know how to read a contract or stick to it. He has harassed numerous people to the point that they refuse to communicate with them and have demanded he only have his attorney speak with their attorney and blocked his phone numbers.

This man and his company are trouble so stay away from them at all costs. Please feel free to call me and have all of this slanderous report refuted by hard evidence. Proof of all statements made in rebuttal, can be substantiated by contacting Darren Williams on: +1 (843) 609-7045

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#11 Consumer Comment

We should be able to see the documents.

AUTHOR: Todd - (United States)

My name is Todd and I have a financial interest in the SBLC in question that was to be provided by Paul Nater (Nater and Associates) and Steve Jones ( First American Financial) to Richard Olson, the Managing Director of Maverick Venture Partners. My history and knowledge of MVP is that Mr. Olson is completely honest, transparent, and legitimate and the MVP offerings of private equity opportunities have never been at issue before. I have seen no evidence that Mr Olson has ever taken any money for himself and in fact, I have only ever seen MVP provide all the information available to any and all clients so that they can do their own due diligence before entering into a signed agreement with MVP and that all client agreements are fulfilled before MVP takes a profit.

   The facts are that all funds were placed in an escrow acct held by FAF and those funds were taken by Nater and Jones. This fact is verifiable from United Escrow of CA. They are the last link in the chain that anyone has seen verifiable proof of who had the $375K from that escrow acct. If Mr. Olson "cancelled" the agreement, it would have had to have been done so in writing. You can't cancel anything of a financial matter without the request being in writing, especially an agreement for a $20M SBLC! Where is that document? If the funds were returned anywhere, they would have to have been sent back to the United Escrow acct. for them to return funds back to the originating party, or sent to an acct. of Rich Olson or MVP. Where is the dated bank wire transfer documentation with that would validate their unsubstantiated claim that Rich Olson or MVP received a penny? These 2 documents would be easy to produce by Nater and/or Jones.

  It would appear that in an attempt to deflect the heat of the fraudulent practices spotlight currently laser focused on Nater and Jones over to Mr. Olson, they are posting slanderous allegations to cover up their own fraud. My understanding is that there are other clients of Nater and Associates and First American Financial that feel that they were defrauded in the past and also it is my understanding that the authorities have been notified and Mr. Olson has a report with all interactions with Nater and Jones to contradict their outrageous claims. I stand with Rich Olson and Maverick Venture Partners and until Nater and Jones can produce any legal documentation and banking transfer to Mr. Olson, the heat of that spotlight will continue to increase on Nater and Jones and may become blinding. Sunlight is the best disinfectant and the truth always comes out. This, I believe will prove to be no exception.

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